GlaxoSmithKline (GSK) and NanoBio Corporation have announced an exclusive licensing agreement in the US and Canada for a novel advanced treatment for cold sores.
The over-the-counter (OTC) compound NB-001 is being developed by NanoBio, to provide significant antimicrobial activity against herpes labialis, the virus that causes cold sores.
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NanoBio CEO and founder James Baker said that this partnership with GSK will enable the development and commercialisation of NB-001 to its fullest potential.
“This partnership validates the promise of our proprietary platform technology, and its potential use in a wide range of dermatological and anti-infective applications,” Baker said.
Under the agreement, NanoBio will receive an upfront payment of $14.5m, and will also be eligible to receive additional milestone payments of up to $40m plus single digit royalties on future sales.
NanoBio has completed two Phase II clinical trials of NB-001, both of which demonstrated good efficacy and safety profile and the company is planning to enter Phase III testing shortly.
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By GlobalData
